Under Armour is ‘still in the early innings of global growth’ (UAA)

• Under Armour‘s first-quarter earnings beat on both the top and bottom lines.
• Shares are under pressure after the company warned gross margins will remain under pressure.
• Jefferies analyst Randal Konik thinks Under Armour is poised for growth.
• It has upside in its international businesses, and it’s fixing its inventory problem.
• Watch Under Armour trade in real time here. 

Under Armour has big growth ahead, and it’s positioned to tap into it fairly soon, Jefferies analyst Randal Konik wrote in a note sent out to clients on Tuesday.

The athletic-apparel maker reported first-quarter earnings Tuesday morning that beat Wall Street estimates. It posted a breakeven quarter on revenue of $ 1.2 billion. Both were better than expected. Still, shares are down almost 3% after the company said margins will remain under pressure.

See the rest of the story at Business Insider

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